PharVision Advisers LLC Invests $460,000 in TPG RE Finance Trust, Inc. (NYSE:TRTX)

PharVision Advisers LLC acquired a new position in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,131 shares of the company's stock, valued at approximately $460,000. PharVision Advisers LLC owned about 0.07% of TPG RE Finance Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TPG RE Finance Trust by 23.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,214 shares of the company's stock worth $1,642,000 after buying an additional 37,282 shares during the last quarter. Squarepoint Ops LLC acquired a new position in TPG RE Finance Trust in the fourth quarter worth approximately $203,000. Two Sigma Advisers LP increased its holdings in TPG RE Finance Trust by 23.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,585,600 shares of the company's stock worth $13,478,000 after buying an additional 303,100 shares during the last quarter. Two Sigma Investments LP increased its holdings in TPG RE Finance Trust by 17.9% in the fourth quarter. Two Sigma Investments LP now owns 1,015,597 shares of the company's stock worth $8,633,000 after buying an additional 154,401 shares during the last quarter. Finally, State of Wyoming increased its holdings in TPG RE Finance Trust by 2.9% in the fourth quarter. State of Wyoming now owns 48,955 shares of the company's stock worth $416,000 after buying an additional 1,374 shares during the last quarter. Institutional investors and hedge funds own 57.12% of the company's stock.

Wall Street Analyst Weigh In

TRTX has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company lowered their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.50.

TPG RE Finance Trust Stock Performance

TRTX stock traded up $0.05 during midday trading on Friday, hitting $7.62. 436,505 shares of the company traded hands, compared to its average volume of 648,547. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66. The company has a quick ratio of 152.83, a current ratio of 156.81 and a debt-to-equity ratio of 2.14. The business has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $8.30. The stock has a market capitalization of $608.11 million, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63.

TPG RE Finance Trust (NYSE:TRTX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.18). The company had revenue of $34.74 million during the quarter, compared to analyst estimates of $27.98 million. TPG RE Finance Trust had a return on equity of 7.57% and a net margin of 21.79%. As a group, equities research analysts predict that TPG RE Finance Trust, Inc. will post 0.99 earnings per share for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.61%. TPG RE Finance Trust's payout ratio is 137.14%.

TPG RE Finance Trust Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.